Mobile Phone Insurance

xx_lucy_xx

I recently bought an Iphone from the apple store who do not sell mobile phone insurance, i was wondering which was the best company (and cheapest) to join, as there are so many!

Thanks,

Lucy

JayZed

Lucy, before you take out mobile phone insurance, check what's covered by your home contents insurance. Some policies include optional add-on to cover personal possessions outside the home, which usually includes mobile phones (but check to see if there's a maximum value for these).

This is usually better value than just taking out mobile phone insurance, which I think is normally a bit of a rip-off.

dacouch

I agree totally with JayZed as mobile phone insurance will cost you around £90 a year when it is probally covered by your home insurance if it is not then it will only cost around £30 a year to cover it on your home insurance.

The mobile phone insurance often only covers the phone for theft / loss if it was on your person at the time. It normally does not cover you if say you put it on the bar next to your pint and it goes missing as they will say it was not on your person. Most home insurers would pay out for this as long as you were near it.

What the mobile phone insurance will cover is the cost of the phone calls made if you lose your phone (There is often a limit of say £150). Your home insurer will just replace the hand set less your policy excess (The amount you pay towards a claim) they will not pay the cost of the phone calls by whoever stole / found your phone. But the chances are you would probably notice your phone is missing within minutes and could then ring your phone company and get the calls stopped quite quickly. As an added safety precaution you could make your phone request a password before dialling international or premium rate numbers so if it is stolen it reduces the chance of someone making these types of calls.

I hope this helps

FlameCloud

Several home policies cover the cost of calls- usually up to a £100 limit.

xx_lucy_xx

Thanks Guys, will be calling my Contents Insurer later!

iTips

In case your home insurance won't cover it, I've got my iPhone covered through Lloyds TSB, using their Select current account. Includes AA and Sentinel aswell for about £9/10 a month. Not bad considering o2 insure is £7.50 a month.

Norfolk_Jim

Make sure you check what your excess is - I only recently realised very few items in my home are worth more than the excess on my policy and even those that are aren't very loseable - beds tend to stay where they are put.

dacouch

How big is your excess Norfolk Jim, I would recommend most people keep to the minimum possible excess which is normally £50 as the discounts the Insurers offer for increasing above this are incredibly small and are not worth taking for the average custmer paying a smallish premium (When you get quotes the Insurers tend to put on a big voluntary excess to make their premium look smaller)